Apollo Silver Corp. (‘ Apollo ‘ or the ‘ Company ‘) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF) is pleased to provide an update on ongoing community engagement activities at its Cinco de Mayo Project (‘Cinco de Mayo’ or the ‘Project’) in Chihuahua, Mexico.

Over several months, the Company held productive discussions with elected representatives of the Ejido Benito Juárez (the ‘Ejido’), Municipio de Buenaventura, and other leaders and community groups in the region. The objective of these discussions was to regain public support for mineral exploration and mine development at Cinco de Mayo, and more specifically, to rescind the property access ban imposed by the Ejido in November 2012 and to establish a long-term access agreement. This agreement is anticipated to provide important economic and community benefits to the Ejido, including annual payments, environmental value, and preferential employment and service opportunities, in exchange for unrestricted access for the Company to explore, develop and potentially mine the resources at Cinco de Mayo.

As part of Apollo’s efforts to introduce a plan of responsible development in cooperation and partnership with the local communities, informational materials are being distributed to members of the Ejido, outlining a plan of long-term collaboration and shared benefits associated with continued exploration and future operations at the Project. This phase of community engagement is expected to continue early into the new year, whereupon the Company remains hopeful for, and looks forward to, a general assembly of the Ejido in early 2026 to vote on rescinding the property access ban and approving a long-term access agreement.

Overview of Key Topics Presented to the Ejido

Long-Term Benefit Framework

The draft framework under discussion includes the following high-level concepts:

• A 30-year structure of benefits to the Ejido in return for access to the Project during the exploration, development and mining phases over that time period.
• Predictable annual payments made directly to the community to support priorities identified by the Ejido and its members, such payments amounting to approximately US$50 million over the life of the agreement.
• An option to extend the term of the agreement for an additional period of time.

Employment, Training, and Local Procurement

The materials emphasize the Company’s commitment to maximizing local participation:

• Hiring of Ejidatarios (registered members of the Ejido community), their descendants, and community members, based on skills and aptitude.
• Preference for local suppliers of food, fuel, transportation, materials, and lodging.

These initiatives are intended to help build sustainable economic opportunities for the region.

Environmental Protection and Water Stewardship

Environmental responsibility remains central to all Project planning. Commitments communicated to the Ejido include:

• Detailed hydrogeological studies to ensure exploration and potential future mining activities have no effect on community wells or natural springs.
• Continuous monitoring of water quality and environmental indicators.
• Strict adherence to all federal regulations, including requirements set by SEMARNAT, CONAGUA, and PROFEPA.
• Implementation of reforestation programs, responsible materials management, and full reclamation of land at the end of the Project’s life cycle.

These commitments apply at every stage of work, from exploration through to eventual operations and closure.

‘With a renewed interest in responsible mineral exploration and mine development being promoted at all levels of Mexican government, there is no better time to bring a strong plan of shared economic benefit to the communities around Cinco de Mayo,’ stated Ross McElroy, President and CEO . ‘As one of North America’s better CRD deposits, with a well established history, Cinco de Mayo holds great opportunity for all.’

About Cinco de Mayo

Cinco de Mayo is an approximate 25,000 hectare property located in the north central part of Chihuahua State, Mexico, approximately 190 kilometres northwest of the state capital of Chihuahua City in the Municipio de Buenaventura. The Project is prospective for and hosts carbonate replacement type deposits including the Upper Manto Pb-Zn-Ag (Au) deposit, which consists of two parallel and overlapping manto deposits referred to as the Jose Manto and the Bridge Zone. An independent technical report and Mineral Resource estimate (‘MRE’) on the Upper Manto deposit was prepared in 2012 by Rosco Postle and Associates (‘RPA’). At a NSR cut-off of US$100/t, Inferred MRE was estimated to total 12.45 million tonnes at 132 grams per tonne silver, 2.86 per cent lead and 6.47 per cent zinc and 0.24 gram per tonne gold (See Apollo’s news release dated March 7, 2025). The total contained metals in the historical resource were 52.7 million ounces of silver, 785 million pounds of lead, 1,777 million pounds of zinc and 96,000 ounces of gold. See cautionary statement below.

A potential new discovery, called the Pegaso Zone was not included in the 2012 Historical MRE. Apollo’s technical team considers this intersection as a high priority target that has potential to be a significant new discovery. The Company’s initial review of historical data suggests that the Pegaso Zone could indicate a larger and higher-grade resource at depth.

Qualified Person

The scientific and technical data contained in this news release was reviewed and approved by Isabelle Lépine, M.Sc., P.Geo., Apollo’s Director, Mineral Resources. Ms. Lépine is a registered professional geologist in British Columbia and a QP as defined by NI 43-101 and is not an independent of the Company

About Apollo Silver Corp.

Apollo is advancing one of the largest undeveloped primary silver projects in the US. The Calico project hosts a large, bulk minable silver deposit with significant barite and zinc credits – recognized as critical minerals essential to the US energy and medical sectors. The Company also holds an option on the Cinco de Mayo Project in Chihuahua, Mexico, which is host to a major carbonate replacement (CRD) deposit that is both high-grade and large tonnage. Led by an experienced and award-winning management team, Apollo is well positioned to advance the assets and deliver value through exploration and development.

Please visit www.apollosilver.com for further information.

ON BEHALF OF THE BOARD OF DIRECTORS

Ross McElroy
President and CEO

For further information, please contact:

Email: info@apollosilver.com

Telephone: +1 (604) 428-6128

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Historical Mineral Resource Estimates

This 2012 historical MRE referenced above is considered historical in nature and the reader is cautioned not to treat this estimate as current Mineral Resources, nor should they be relied upon. They are included here as an indication of the mineralization of the Project. A qualified person has not done sufficient work to classify the historical estimate as a current mineral resource and the Company is not treating the historical estimate as a current mineral resource.

Cautionary Statement Regarding ‘Forward-Looking’ Information

This news release includes ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the rescission of the 2012 access ban; the negotiation terms, value and potential execution of an access agreement with the Ejido; the timing, nature, and results of exploration and development activities at Cinco de Mayo; the exploration potential of the Project, including the potential discovery and significance of the Pegaso Zone; interpretations of historical data; the potential size, grade, continuity, and extent of mineralization, including at depth; potential future mining operations; the expected economic and social benefits to the Ejido and surrounding communities; and the Company’s future plans, strategies, and objectives. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, ‘potential’, ‘target’, ‘budget’ and ‘intend’ and statements that an event or result ‘may’, ‘will’, ‘should’, ‘could’ or ‘might’ occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on the reasonable assumptions, estimates, analysis, and opinions of the management of the Company made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made. Forward-looking information is based on reasonable assumptions that have been made by the Company as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may have caused actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks associated with mineral exploration and development; metal and mineral prices; availability of capital; accuracy of the Company’s projections and estimates; realization of mineral resource estimates, interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; and changes in Project parameters as plans continue to be refined. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the price of silver, gold and barite; the demand for silver, gold and barite; the ability to carry on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective matter; and the regulatory framework regarding environmental matters, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information contained herein, except in accordance with applicable securities laws. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company’s expected financial and operational performance and the Company’s plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws .

Heliostar Metals Ltd. (TSXV: HSTR,OTC:HSTXF) (OTCQX: HSTXF) (FSE: RGG1) (‘Heliostar’ or the ‘Company’) acknowledges positive media reports quoting Mexican government officials that the Company’s La Colorada expansion project is underway and restart of open-pit mining will begin in Q1, 2026 at La Colorada.

In Q2 2025, Heliostar applied for a permit to expand the Veta Madre open pit at the La Colorada mine in Sonora. The Company completed all necessary submissions and bonding payments in November 2025 and commenced a twenty-business day period of review by the Secretaria of Environment and Natural Resources ‘SEMARNAT’. This permit application is subject to the ‘positiva ficta‘ legal process, a process where no further questions of the Company in the period results in an automatic positive outcome. The Company can confirm that twenty days have passed without any requests. The Company is awaiting formal receipt of documentation to confirm the permit which is expected in Q1, 2026.

Heliostar looks forward to providing an update on restart of mining in the Veta Madre pit at La Colorada in Q1, 2026.

About Heliostar Metals Ltd.

Heliostar aims to grow to become a mid-tier gold producer. The Company is focused on increasing production and developing new resources at the 100% owned La Colorada and San Agustin mines, and on developing the Ana Paula, Cerro del Gallo and San Antonio deposits in Mexico.

FOR ADDITIONAL INFORMATION PLEASE CONTACT:

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain ‘Forward-Looking Statements’ within the meaning of the United States Private Securities Litigation Reform Act of 1995 and ‘forward-looking information’ under applicable Canadian securities laws. When used in this news release, the words ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’, ‘target’, ‘plan’, ‘forecast’, ‘may’, ‘would’, ‘could’, ‘schedule’ and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things, the Company’s exploration and development plans including the restart plan at La Colorada, the expansion of the Veta Madre open pit and the granting of the requisite permitting by SEMERNAT.

These statements reflect the Company’s respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or forward-looking information and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: precious metals price volatility; risks associated with the conduct of the Company’s mining activities in foreign jurisdictions; regulatory, consent or permitting delays; risks relating to reliance on the Company’s management team and outside contractors; risks regarding exploration and mining activities; the Company’s inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of public health crises; the economic and financial implications of public health crises, ongoing military conflicts and general economic factors to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company’s interactions with surrounding communities; the Company’s ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption ‘Risk Factors’ in the Company’s public disclosure documents. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278083

(TheNewswire)

GRANDE PRAIRIE, ALBERTA TheNewswire – December 15, 2025 – Angkor Resources Corp. (TSXV: ANK,OTC:ANKOF) (‘ANGKOR’ OR ‘THE COMPANY’) is pleased to announce that it has entered into a binding Letter of Intent (‘LOI’) with an arm’s length party (the ‘Purchaser’) to sell its 40% participating interest in the Evesham Macklin oil and gas lands (the ‘Assets’) in Saskatchewan at a sale price of $4,800,000. The sale of the Assets is anticipated to be completed on January 31, 2026 (the ‘Closing Date’).

The Assets were acquired by the Company through its wholly owned-subsidiary EnerCam Exploration Ltd. on December 12, 2023 and the Purchaser provided a loan (the ‘Loan’) to fund the acquisition. The outstanding amount of the Loan is $3,800,000.

CEO Delayne Weeks comments on the decision to sell the Assets, ‘This decision follows a full analysis over the greatest value increases for shareholders in the coming 24 months.  In our view, the greatest growth value of Angkor will be achieved on proving Cambodia’s first oil and gas discovery and the second will be on advancing assays and drilling on both gold and copper projects, either by ourselves or with strong partners.   Evesham is a great project, but it is a long-term multi-well field which requires more investment capital for water injection and ongoing capital upgrades.  Therefore, we will take the net sale proceeds from the sale of the Assets and apply the funds directly to packaging the oil and mineral projects in Cambodia for a sale or merger opportunity and other administrative operations. ‘

Transaction Summary

The terms of the LOI provide that the purchase price shall be satisfied by the Purchaser under the following payment terms: (a) a $250,000 non-refundable deposit is payable on December 31, 2025 after expiry of the Purchaser’s due diligence condition; (b) a payment of $375,000 is payable on the Closing Date; (c) the balance of the Loan will be applied to the purchase price on the Closing Date; and (d) a final payment of $375,000 subject to adjustment is payable on March 1, 2026. The terms of the LOI also provided that all profit entitlements and operating and capital commitments under the Assets after October 1, 2025 shall accrue to the Purchaser.

Conditions to Closing

The parties intend to enter into a form of asset purchase and sale agreement which shall replace the LOI and shall contain customary commercial terms and closing conditions such as approval of the sale and transfer by the operator of the Assets, appropriate representations, warranties and indemnities of the parties, receipt of all applicable regulatory and shareholder approvals and approval of the stock exchange.

No finder’s fees were paid on the transaction.

Weeks continues, ‘The sale transaction will be achieved without any dilution of our stock and no commissions are payable;  we can use the net sale proceeds where we most need them.   We are also blessed to have developed strong relations with exemplary oil operators and developers at Evesham, who remain great advisers and colleagues on oil and gas opportunities.’

The Company is completing the interpretation of the seismic program over four subbasins on Block VIII, Cambodia’s first onshore oil and gas license under exploration.   Multiple targets have been identified.   Geoscientists indicate the end of December to have a completed interpretation of the results with drill targets.

Weeks adds, ‘The processing of the seismic produced results beyond our expectations.  We have already concluded that instead of a single target, we have 3-5 drill targets and proving commercial hydrocarbons on any of those areas will add greater value to the Company.   As well, the recent announcement of the gold prospect CZ Gold, Angkor Resources IDENTIFIES GOLD PROSPECT ON ANDONG MEAS LICENSE, CAMBODIA – Angkor Resources Corp leads us to focus all our resources in Cambodia to formulate a robust, attractive platform with significant upside that mitigates risk for investors with diversity in Cambodia’s first oil and gas discovery and is backed up with gold and copper prospects across several mineral licenses.

ABOUT Angkor Resources CORPORATION

Angkor Resources Corp. is a public company, listed on the TSX-Venture Exchange, and is a leading resource optimizer in Cambodia working towards mineral and energy solutions across Canada and Cambodia.

The Company’s mineral subsidiary, Angkor Gold Corp. in Cambodia holds two mineral exploration licenses in Cambodia with multiple prospects in copper and gold.  Both licenses are in their first two-year renewal term.

Its Cambodian energy subsidiary, EnerCam Resources, was granted an onshore oil and gas license of 7300 square kilometres in the southwest quadrant of Cambodia called Block VIII.   The company then removed all parks and protected areas and added 220 square kilometres, making the license area just over 4095 square kilometres.  EnerCam is actively advancing oil and gas exploration activities onshore to meet its mission to prove Cambodia as an oil and gas producing Nation.

Since 2022, Angkor’s Canadian subsidiary, EnerCam Exploration Ltd., has been involved in oil and gas production in Saskatchewan, Canada with measures of gas capture to reduce emissions with carbon capture activities.  Those activities were a long-term commitment to Environmental and Social projects and cleaner energy solutions across jurisdictions.

CONTACT: Delayne Weeks – CEO

Email:- info@angkorresources.com Website: angkor resources.com Telephone: +1 (780) 831-8722

Please follow @AngkorResources on , , , Instagram and .

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

_____________________________________

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties which are beyond the Company’s control, including without limitation, anticipated closing of the transaction, satisfaction of conditions, regulatory and shareholder approvals and expected payments, the potential for gold and/or other minerals at any of the Company’s properties, the prospective nature of any claims comprising the Company’s property interests, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals, uncertainty of sample results, timing and results o f future exploration, and the availability of financing.

Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

Copyright (c) 2025 TheNewswire – All rights reserved.

Cygnus Metals Limited (‘Cygnus’ or the ‘Company’) advises that following management changes announced on 26 October 2025, it has today issued an aggregate of 3,000,000 additional performance rights (‘Performance Rights’) to PresidentChief Executive Officer, Mr Nicholas Kwong under the Company’s Omnibus Equity Incentive Plan (‘Plan’). The Company also advises that, effective today, following Mr Ernest Mast’s transition from Managing Director to Non-Executive Director on 12 December 2025, and as part of that transition will forfeit an aggregate of 6,000,000 Performance Rights issued under the Plan.

Shareholders approved the Plan and the issue of Performance Rights to directors at the Company’s annual general meeting held on May 14, 2025. The Performance Rights to Mr Kwong were issued on the same terms and conditions as the director Performance Rights, as set out in the notice of annual general meeting released to ASX on April 14, 2025.

The Performance Rights vest on the successful completion of specific key performance objectives on or before July 11, 2028. Each vested Performance Right is exercisable to one fully paid ordinary share in the capital of the Company (net of applicable withholdings) and will expire on May 31, 2030 unless exercised on or before this date.

The objective of Cygnus’ Plan is to promote the long-term success of the Company and the creation of shareholder value by aligning the interests of eligible persons under the Plan with the interests of the Company.

This announcement has been authorised for release by the Executive Chair.

About Cygnus Metals

Cygnus Metals Limited (ASX: CY5, TSXV: CYG,OTC:CYGGF) is a diversified critical minerals exploration and development company with projects in Quebec, Canada and Western Australia. The Company is dedicated to advancing its Chibougamau Copper-Gold Project in Quebec with an aggressive exploration program to drive resource growth and develop a hub-and-spoke operation model with its centralised processing facility. In addition, Cygnus has quality lithium assets with significant exploration upside in the world-class James Bay district in Quebec, and REE and base metal projects in Western Australia. The Cygnus team has a proven track record of turning exploration success into production enterprises and creating shareholder value.

(TheNewswire)

As the underground sampling was limited to the extent of the mine workings, detailed drilling is necessary to determine the ultimate size, shape and grade of the mineralized zones.  Consequently, Pinnacle’s geological team has compiled the results and created 3D models of the Dos de Mayo vein and the exposed mineralization in the 3 mines (see Figure 3 below) in order to create a program of systematic drilling whereby the vein structure will be tested every 12.5 metres along strike and vertically.  As the holes will be collared either in or immediately adjacent to the vein structure, holes will be relatively short, in the range of 20-25 metres in length.  At present, it is anticipated that the entire program will comprise approximately 2,600 metres in 112 holes and take about 6 weeks to complete.

‘The underground drilling will be a significant step in the development of the Potrero Project ,’ stated Robert Archer, Pinnacle’s President & CEO.  ‘It is not common that the first drill program on a new project is underground.  However, we are fortunate to have good access to at least some of the mineralization through the historic mine workings and this detailed program will essentially be delineation drilling rather than exploration. With the results of this program, we will gain a very good understanding of the principal mineralized zones such that we can begin putting together a preliminary mine plan .  Follow-on surface drilling can then test the areas between the mine workings in addition to less developed veins like El Capulin and La Estrella that are being sampled for the first time.’

A certain amount of development work will be required in the historic workings to create enough room for the drill setups and make sure that the drillers will have a safe working environment.  This work will begin early in the New Year and will take about one month to complete, with drilling to follow as soon as possible.

Click Image To View Full Size

Figure 1: Location Map of El Potrero gold-silver project in the Sierra madre of Durango State, surrounded by 4 operating mines within 35 km

Click Image To View Full Size

Figure 2: Plan map of north end of El Potrero gold-silver project showing main Dos de Mayo vein, with the Pinos Cuates, Dos de Mayo and La Dura Mines where underground drilling will take place

Figure 3: Screen shot of 3D model of Dos de Mayo vein (purple) in the Pinos Cuates Mine, showing high-grade gold and silver samples (red, yellow and green) and proposed drill holes to test extension of mineralization

QA/QC

The technical results contained in this news release have been reported in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (‘NI 43-101’).  Pinnacle has implemented industry standard practices for sample preparation, security and analysis given the stage of the Project.  This has included common industry QA/QC procedures to monitor the quality of the assay database, including inserting certified reference material samples and blank samples into sample batches on a predetermined frequency basis.

Systematic chip channel sampling was completed across exposed mineralized structures using a hammer and maul.  The protocol for sample lengths established that they were not longer than two metres or shorter than 0.3 metres.  The veins tend to be steeply dipping to vertical, and so these samples are reasonably close to representing the true widths of the structures.  Samples were collected along the structural strike or oblique to the main structural trend.  Grab samples, by their nature, are only considered as indicative of local mineralization and should not be considered as representative.

All samples were bagged in pre-numbered plastic bags; each bag had a numbered tag inside and were tied off with adhesive tape and then bulk bagged in rice bags in batches not to exceed 40 kg.  They were then numbered, and batch bags were tied off with plastic ties and delivered directly to the SGS laboratory facility in Durango, Mexico for preparation and analysis.  The lab is accredited to ISO/IEC 17025:2017.  All Samples were delivered in person by the contract geologist who conducted the sampling under the supervision of the QP.

SGS sample preparation code G_PRP89 including weight determination, crushing, drying, splitting, and pulverizing was used following industry best practices where all samples were crushed to 75% less than 2 mm, riffle split off 250 g, pulverized split to >85% passing 75 microns (μm).  All samples were analyzed for gold using code GA_FAA30V5 with a Fire Assay determination on 30g samples with an Atomic Absorption Spectography finish.  An ICP-OES analysis package (Inductively Coupled Plasma – Optical Emission Spectrometry) including 33 elements and 4-acid digestion was performed (code GE_ICP40Q12) to determine Ag, Zn, Pb, Cu and other elements.

Qualified Person

Mr. Jorge Ortega, P. Geo, a Qualified Person as defined by National Instrument 43-101, and the author of the NI 43-101 Technical Report for the Potrero Project, has reviewed, verified and approved for disclosure the technical information contained in this news release.

About the Potrero Property

El Potrero is located in the prolific Sierra Madre Occidental of western Mexico and lies within 35 kilometres of four operating mines, including the 4,000 tonnes per day (tpd) Ciénega Mine (Fresnillo), the 1,000 tpd Tahuehueto Mine (Luca Mining) and the 250 tpd Topia Mine (Guanajuato Silver).

High-grade gold-silver mineralization occurs in a low sulphidation epithermal breccia vein system hosted within andesites of the Lower Volcanic Series and has three historic mines along a 500 metre strike length.  The property has been in private hands for almost 40 years and has never been systematically explored by modern methods, leaving significant exploration potential.

A previously operational 100 tpd plant on site can be refurbished / rebuilt and historic underground mine workings rehabilitated at relatively low cost in order to achieve near-term production once permits are in place. The property is road accessible with a power line within three kilometres.

Pinnacle will earn an initial 50% interest immediately upon commencing production.  The goal would then be to generate sufficient cash flow with which to further develop the project and increase the Company’s ownership to 100% subject to a 2% NSR.  If successful, this approach would be less dilutive for shareholders than relying on the equity markets to finance the growth of the Company.

About Pinnacle Silver and Gold Corp.

Pinnacle is focused on the development of precious metals projects in the Americas.  The high-grade Potrero gold-silver project in Mexico’s Sierra Madre Belt hosts an underexplored low-sulphidation epithermal vein system and provides the potential for near-term production . In the prolific Red Lake District of northwestern Ontario, the Company owns a 100% interest in the past-producing, high-grade Argosy Gold Mine and the adjacent North Birch Project with an eight-kilometre-long target horizon . With a seasoned, highly successful management team and quality projects, Pinnacle Silver and Gold is committed to building long -term , sustainable value for shareholders.

Signed: ‘Robert A. Archer’

President & CEO

For further information contact :

Email: info@pinnaclesilverandgold.com

Tel.:  +1 (877) 271-5886 ext. 110

Website: www.pinnaclesilverandgold.com

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release .

Copyright (c) 2025 TheNewswire – All rights reserved.

KEY HIGHLIGHTS:

• Homerun can use the surface rights as collateral in project financing, independently secure permits and licenses, and is protected against changes in land ownership.
• The Municipality of Belmonte provides commitment of funding allocation for paving of approx. 5km of road connecting Santa Maria Eterna to BR-101, the main federal highway in the region in support of Homerun’s project sites.

Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) (OTCQB: HMRFF) (‘Homerun’ or the ‘Company’) is pleased to announce that it has signed a definitive surface rights agreement (the ‘Agreement’) over the CENTRO INDUSTRIAL SÃO JOSÉ DA SILICA, located in the Municipality of Belmonte, Bahia, Brazil, in the district of Santa Maria Eterna (‘SME’), for the installation of Homerun’s silica processing plant and solar glass manufacturing facility. The Agreement covers a total area of 64 hectares and is directly contiguous to both BA982 and the Company’s SME Silica resources in the SME Silica Sand District.

The Agreement grants Actual Surface Rights (Direito Real de Superfície / Surface Rights) to Homerun under the terms of Articles 1,369 to 1,377 of the Brazilian Civil Code, and ensures irrevocable transfer of those Surface Rights over the property to Homerun, and once registered on the land’s public deed, ensures total legal security in favor of Homerun, regardless of any eventual transition of ownership of the underlying property by the landowners.

The specific purpose for the granting of those Surface Rights is for the construction of an industrial complex for the manufacture of processed silica and solar glass and correlated products, storage, logistics, research and development, commercial and supporting activities, and any other activity needed for the proper development of Homerun’s industrial projects.

This Agreement replaces the planned donation of the same land previously authorized by the Municipality of Belmonte. This replacement relieves Homerun of the obligations under the MoU, eliminating any risk of having to return of the land to the Municipality, if those Homerun obligations were not met.

In addition to this agreement, Homerun has received a letter of support from the Municipality of Belmonte represented by Mr. Iêdo José Menezes Elias, reaffirming its commitment to support the development of Homerun Resources Inc.’s silica sand project, located in the district of Santa Maria Eterna. As part of this commitment, the Municipality will allocate up to USD $400,000 toward infrastructure improvements related to the project including the completion of the executive project for the paving of approximately 5km of road connecting Santa Maria Eterna to BR-101, the main federal highway in the region. This initiative is part of a broader program led by the Bahia State Secretariat of Infrastructure (SEINFRA).

Brian Leeners, CEO of Homerun stated, ‘We wish to thank the parties to the original MoU and the landowner for helping to get this key deliverable completed in a timely manner before the pending receipt of our Bankable Feasibility Study and Financing of the Industrial Plants. We continue to work with the parties to the original MoU to facilitate the further items under the MoU, including the utilities and the Municipality of Belmonte’s financial support toward the development of infrastructure. The signing of this new Agreement aligns with the execution of the Company’s strategy to develop and construct Homerun’s Silica Processing and Solar Glass Manufacturing facilities, in the Municipality of Belmonte, ensuring the establishment of the entire silica value chain, from resource to extraction to processing to high value-added final product at the Santa Maria Eterna site, maximizing both the socioeconomic and environmental benefits for the people of the State of Bahia.’

Figure 1 – Map of Fazenda São José

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The preliminary area of Homerun’s Surface Rights is shown in Figure 1 and will be reviewed and can be modified if needed in an amended common agreement between the parties. Homerun has full access to the area immediately.

The Agreement is valid for 99 years from the date of the registration in the land’s deed. This term will be automatically renewed for an additional 99 years, unless either of the parties manifest otherwise 5 years before the original expiration date.

The compensation payments will begin in 2027, with one fixed payment of R$ 60,000 due on June 30, 2027. Starting in January of 2028, there will be monthly payments of R$ 50,000 subject to the caveat that if no plant construction has started by January 2028 for reasons beyond Homerun’s control, the payment will be reduced by fifty percent until construction starts. The amounts will be updated annually using the IPCA index (inflation adjustment).

Among the Surface Rights secured through this Agreement, Homerun is entitled to offer the Surface Rights as collateral in financing and Homerun can obtain licenses and permits without any input or interference by or from the landowners. Homerun also becomes responsible for all costs, including taxes, affecting the land. In the situation where the landowners decide to sell, lease, exchange, donate, or perform any transaction with the property, Homerun has the right of first refusal.

About Homerun (www.homerunresources.com / www.homerunenergy.com)

Homerun is building the silica-powered backbone of the energy transition across four focused verticals: Silica, Solar, Energy Storage, and Energy Solutions. Anchored by a unique high-purity low-iron silica resource in Bahia, Brazil, Homerun transforms raw silica into essential products and technologies that accelerate clean power adoption and deliver durable shareholder value.

• Silica: Secure supply and processing of high-purity low-iron silica for mission-critical applications, enabling premium solar glass and advanced energy materials.
• Solar: Development of Latin America’s first dedicated 1,000 tonne per day high-efficiency solar glass plant and the commercialization of antimony-free solar glass designed for next-generation photovoltaic performance.
• Energy Storage: Advancement of long-duration, silica-based thermal storage systems and related technologies to decarbonize industrial heat and unlock grid flexibility.
• Energy Solutions: AI-enabled energy management, control systems, and turnkey electrification solutions that reduce costs and optimize renewable generation for commercial and industrial customers.

With disciplined execution, strategic partnerships, and an unwavering commitment to best-in-class ESG practices, Homerun is focused on converting milestones into markets—creating a scalable, vertically integrated platform for clean energy manufacturing in the Americas.

On behalf of the Board of Directors of
Homerun Resources Inc.

FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

The information contained herein contains ‘forward-looking statements’ within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be ‘forward-looking statements’.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278042

Eliminates a risk for the vertically integrated development as the Company advances the NICO critical minerals project closer to a construction decision

Fortune Minerals Limited (TSX: FT,OTC:FTMDF) (OTCQB: FTMDF) (‘ Fortune ‘ or the ‘ Company ‘) ( www.fortuneminerals.com ) is pleased to announce that it has closed the C$3.8 million loan previously announced with Prosper NWT, a public agency of the Government of the Northwest Territories (see November 10, 2025 news release). Fortune has also completed the acquisition of the Lamont County, Alberta site and facilities that were previously held under a purchase option with JFSL Field Services ULC (‘ JFSL ‘) (see August 19, 2024 news release). Fortune plans to construct a hydrometallurgical facility at this site (‘ Alberta Refinery ‘) to process concentrates from the NICO cobalt-gold-bismuth-copper mine and concentrator in the Northwest Territories (‘ NWT ‘) (collectively the ‘ NICO Project’ ). The NICO Project will provide a reliable North American supply of battery grade cobalt sulphate, bismuth ingots (12% of global reserves) and copper cement – with more than one million ounces of in-situ gold as a countercyclical and highly liquid co-product.

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The Lamont County, Alberta brownfield site and facilities were purchased from JFSL for C$6 million, which included C$3,037,500 paid in previous installments. The remainder was paid from the proceeds of the Prosper NWT loan. Prosper NWT has security over the assets for the duration of the loan. As part of the Alberta Refinery site purchase, JFSL will have a license to continue using the Lamont County site and facilities for up to 18 months, subject to Fortune’s right to terminate this license after one year and on 60 days prior notice. JFSL will also have the right to terminate the license earlier on 60 days prior notice to Fortune. During the term of the license, JFSL will be required to maintain the facilities in their current condition and pay the utilities, security, insurance and other operating costs while it occupies the site.

Lamont County is part of the Alberta Industrial Heartland Association (‘ AIHA ‘), an economic collaboration of municipalities on the north side of Edmonton with the municipal planning approvals in place for heavy industry and tax incentives keyed to capital investment. The Alberta Refinery site consists of 76.78 acres adjacent to the Canadian National Railway with 42,000 square feet of serviced shops and facilities that will be expanded and retrofitted to construct hydrometallurgical facilities. The AIHA is an existing petrochemicals and critical minerals processing hub producing materials for industry, the energy transition, new technologies, and defense. The Alberta Refinery will leverage the existing infrastructure, process knowledge, services and reagents already in place for other AIHA industries.

NICO Project
The NICO Project is comprised of a planned open pit and underground mine and concentrator in the NWT and a dedicated hydrometallurgical facility in Alberta where concentrates from the mine, and other feed sources, will be processed to value-added products. Development of the vertically integrated NICO Project will strengthen North American critical mineral supply chain resilience and security, a priority for western governments that need to reduce their dependence on the current supply sources in foreign entities of concern. The NICO Project will be a reliable producer of critical mineral products in a Tier 1 jurisdiction with supply chain transparency and custody control of the contained metals from ores through to the production of value-added critical mineral products.

For more detailed information about the NICO Mineral Reserves and certain technical information in this news release, please refer to the Technical Report on the NICO Project, entitled ‘Technical Report on the Feasibility Study for the NICO-Gold-Cobalt-Bismuth-Copper Project, Northwest Territories, Canada’, dated April 2, 2014 and prepared by Micon International Limited which has been filed on SEDAR and is available under the Company’s profile at www.sedarplus.ca .

The disclosure of scientific and technical information contained in this news release have been approved by Robin Goad, M.Sc., P.Geo., President and Chief Executive Officer of Fortune and Alex Mezei, M.Sc., P.Eng. Fortune’s Chief Metallurgist, who are ‘Qualified Persons’ under National Instrument 43-101.

About Fortune Minerals
Fortune is a Canadian mining company focused on developing the NICO cobalt-gold-bismuth-copper project in the Northwest Territories and Alberta. Fortune also owns the satellite Sue-Dianne copper-silver-gold deposit located 25 km north of the NICO deposit and is a potential future source of incremental feed to extend the life of the NICO concentrator.

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This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities legislation. This forward-looking information includes statements with respect to, among other things, the construction of the proposed Hydrometallurgical Facility at the JFSL site, and the Company’s plans to develop the NICO Project. Forward-looking information is based on the opinions and estimates of management as well as certain assumptions at the date the information is given (including, in respect of the forward-looking information contained in this press release, assumptions regarding: the Company’s ability to complete construction of a NICO Project Hydrometallurgical Facility; the Company’s ability to arrange the necessary financing to continue operations and develop the NICO Project; the receipt of all necessary regulatory approvals for the construction and operation of the NICO Project and the related Hydrometallurgical Facility and the timing thereof; the time required to construct the NICO Project; and the economic environment in which the Company will operate in the future, including the price of gold, cobalt, bismuth and other by-product metals, anticipated costs and the volumes of metals to be produced at the NICO Project). However, such forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. These factors include the risks related to the new Mineral Reserves, Mine Plan and production schedule for the NICO Project, the Company may not be able to finance and develop NICO on favourable terms or at all, uncertainties with respect to the receipt or timing of required permits, approvals and agreements for the development of the NICO Project, including the related Hydrometallurgical Facility, the construction of the NICO Project may take longer than anticipated, the Company may not be able to secure offtake agreements for the metals to be produced at the NICO Project, the Sue-Dianne Property may not be developed to the point where it can provide mill feed to the NICO Project, the inherent risks involved in the exploration and development of mineral properties and in the mining industry in general, the market for products that use cobalt or bismuth may not grow to the extent anticipated, the future supply of cobalt and bismuth may not be as limited as anticipated, the risk of decreases in the market prices of cobalt, bismuth and other metals to be produced by the NICO Project, discrepancies between actual and estimated Mineral Resources or between actual and estimated metallurgical recoveries, uncertainties associated with estimating Mineral Resources and Reserves and the risk that even if such Mineral Resources prove accurate the risk that such Mineral Resources may not be converted into Mineral Reserves once economic conditions are applied, the Company’s production of cobalt, bismuth and other metals may be less than anticipated and other operational and development risks, market risks and regulatory risks. Readers are cautioned to not place undue reliance on forward-looking information because it is possible that predictions, forecasts, projections and other forms of forward-looking information will not be achieved by the Company. The forward-looking information contained herein is made as of the date hereof and the Company assumes no responsibility to update or revise it to reflect new events or circumstances, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20251215620330/en/

For further information please contact:
Fortune Minerals Limited
Troy Nazarewicz
Investor Relations Manager
info@fortuneminerals.com
Tel: (519) 858-8188
www.fortuneminerals.com

Rio Silver Inc. (TSX-V: RYO | OTC: RYOOF) (‘Rio Silver’ or the ‘Company’) is pleased to announce that the TSX Venture Exchange has approved the Company’s 100% acquisition of the Maria Norte Silver-Gold-Lead Project, located in the prolific Huachocolpa Mining District, Huancavelica Province, Peru.

Highlights

• NI 43-101 Technical Report titled ‘Maria Norte Au-Ag-Pb-Zn Project’ by James A. McCrea, P.Geo. confirms verification sampling results with grades up to 6.26 g/t Au and 991 g/t Ag .
• Historical workings and waste-dump sampling demonstrate extensive, intact mineralization from past exploration by Compañía de Minas Buenaventura S.A.A. , one of South America’s most successful mining companies.
• Low-capex, near-infrastructure opportunity with multiple processing facilities within 11 km, supporting a fast-track path toward potential production.
• Builds on Rio Silver’s royalty-backed financial foundation , creating a strong platform for district-scale expansion.

A New Era for Maria Norte

‘The Maria Norte acquisition represents a defining moment for Rio Silver,’ stated Chris Verrico, President and CEO. ‘We are unlocking the potential of a high-grade system that was left untouched for decades when silver traded at $1.50 an ounce. Today, with prices nearly 40 times higher and the world’s demand accelerating through AI, electronics, and renewable technologies, the same mineralization now holds transformative potential. Maria Norte gives us a foundation not only to advance toward production but to build a broader silver platform within one of Peru’s most legendary districts.’

NI 43-101 Technical Disclosure

A geological report prepared under National Instrument 43-101 , ‘Maria Norte Au-Ag-Pb-Zn Project,’ authored by James A. McCrea, P.Geo. , has been approved for public release and will be available on Rio Silver’s website ( www.riosilver.com ).

Verification samples collected from surface outcrops and historic waste-dump material confirm high-grade silver-gold mineralization:

These data confirm the presence of a robust, multi-metallic system with significant silver-gold potential across multiple veins within the property. Further mapping and underground sampling are planned to refine targets for subsequent drilling phases.

Why This Matters to Investors

Silver is in a structural global deficit —demand from AI infrastructure, data centers, solar power, and electric-vehicle production now far exceeds mine supply. Inventories are at multi-decade lows, and institutional and retail bullion demand continue to surge. Maria Norte offers exposure to this trend through:

• Existing infrastructure and low-cost development pathway;
• 100% ownership with no underlying royalties on the property; and
• Tight capital structure and insider alignment , maximizing leverage to exploration success and metal prices.

For investors seeking a focused, high-impact silver opportunity, Rio Silver represents an early-stage entry into a project with near-term catalysts, a world-class geological team and strong geological context.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Jeffrey Reeder, P.Geo., a Qualified Person as defined by National Instrument 43-101. Mr. Reeder acts as an independent advisor and consultant to Rio Silver Inc.

About Rio Silver Inc.

Rio Silver Inc. (TSX-V: RYO | OTC: RYOOF) is a Canadian resource company advancing high-grade, silver-dominant assets in Peru, the world’s second-largest silver producer. The Company is focused on near-term development opportunities within proven mineral belts and is supported by a seasoned technical and operational team with deep experience in Peruvian geology, underground mining, and district-scale exploration. With a clear development strategy, and a growing portfolio of highly prospective silver assets, Rio Silver is establishing the foundation to become one of Peru’s next emerging silver producers.

Learn more at www.riosilverinc.com

ON BEHALF OF THE BOARD OF DIRECTORS OF Rio Silver INC.

Chris Verrico
Director, President and Chief Executive Officer

To learn more or engage directly with the Company, please contact:

Christopher Verrico, President and CEO
Tel: (604) 762-4448
Email: chris.verrico@riosilverinc.com
Website: www.riosilverinc.com

Cautionary Note Regarding Forward-Looking Information

This news release contains ‘forward-looking statements’ within the meaning of applicable Canadian securities laws. All statements in this release that are not historical facts are forward-looking statements and are based on expectations and assumptions as of the date of this release. Forward-looking statements relate to future events or performance and include, but are not limited to, statements regarding the Company’s planned exploration and development activities at the Maria Norte Project, expected timelines for regulatory approvals, future work programs, engagement with local stakeholders, geological interpretations, and the Company’s ability to advance its assets toward potential development.

Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied. These risks include, but are not limited to, operational risks, regulatory risks, geological uncertainties, availability of financing, community and social risks, commodity-price fluctuations, and general economic conditions. Additional risks are described in the Company’s filings available on SEDAR+ at www.sedarplus.ca .

Readers are cautioned not to place undue reliance on forward-looking statements. Rio Silver does not undertake to update forward-looking statements except as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.